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Life Time Fitness, With Westchester County Location, Will Go Private

Life Time Fitness announced it has been bought out by private equity firms.
Life Time Fitness announced it has been bought out by private equity firms. Photo Credit: lifetimefitness.com

WESTCHESTER COUNTY, N.Y. -- High-end health club giant Life Time Fitness, with a location in Harrison, has agreed to be bought out by two private equity firms for more than $4 billion, according to the Minneapolis/St. Paul Business Journal.

The two largest firms involved in the purchase are Leonard Green & Partners and TPG, but other investors include LNK Partners and Bahram Akradi,who is the CEO of the company and laid out $125 million worth of stock to get in on the deal, the Minneapolis/St. Paul Business Journal said.

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